IMPACT OF DIGITALIZATION ON THE INDIAN ECONOMY

Abstract

Digitalization has become one of the most significant drivers of economic growth and development in India. The rapid adoption of digital technologies, expansion of internet connectivity, growth of digital payments, and implementation of government initiatives such as Digital India have transformed various sectors of the economy. This study examines the impact of digitalization on economic growth, financial inclusion, employment generation, business productivity, and governance in India. The paper also explores the challenges associated with digital transformation, including cybersecurity risks, digital inequality, and workforce displacement. Using secondary data collected from government reports, journals, and research studies, the paper concludes that digitalization has significantly contributed to India's economic development while creating opportunities for innovation and entrepreneurship.Digitalization, Digital India, Economic Growth, Financial Inclusion, UPI, Digital Economy, Technology.